Quant Price Forecast: January 20
The QNTUSD price could see another uptrend soon as the coin is rounding up with the lows at the moment. The coin price is on the verge of a possible reversal to the upside. Should the bulls regroup and push higher, the price could turn positive to retest the $155.57 high value which will accelerate the new bullish correction phase. The $160.00 resistance mark and beyond might be the target.
Key Levels:
Resistance Levels: $114.00, $115.00, $116.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bearish (Daily Chart)
The QNTUSD pair portrays a bearish market trend and could see another uptrend soon in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving averages. 
The bears’ increased momentum at the $112.11 supply value during yesterday’s action has contributed immensely to the Quant price drop below the supply levels in its recent low. The price could see another uptrend soon as the market is now oversold.
The drop in the price of QNTUSD to the $110.99 support level as the daily chart opens today is a result of low bullish momentum.
Meanwhile, the crypto could see another uptrend soon if the bulls could increase their buying power and exchange hands with the short-term traders at the mentioned support, a $155.57 previous high level might be retested shortly.
Similarly, it is very likely for the Quant price to reverse and face the upside as the market is now approaching the oversold region, this means that the selling pressure will end soon. So we expect the new bullish correction rally to reach a $160.00 resistance value in the near days in its long-term perspective.
QNTUSD Medium-term Trend: Bearish (4H chart)
QNTUSD Price Could See Another Uptrend Soon
The QNTUSD pair’s orientation trades in a bearish market in its medium-term outlook, meanwhile, it also shows the impeding next big move in the price. The coin market could see another uptrend soon as we can spot a new correction phase below the supply level.
The intervention from the sell traders at the $112.54 in the previous action has made the coin
price dropped below the supply trend line in its recent low.
The market value of QNTUSD jumped up to the $112.89 high level shortly after the commencement of the 4-hourly chart today, indicating that positive sentiment is returning to the market. Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.
In addition, the Quant market is showing that the price could see another uptrend soon by pointing up the daily stochastic. We can certainly expect more gains and strength from the coin. The pair may likely grow to reach the $160.00 resistance level in the days ahead in its medium-term time frame.
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